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The other two opened by early 2011. In 2018 Lowe's had 62 locations in Canada, with stores in British Columbia, Manitoba and Saskatchewan. Each store represented an average investment of $20.5 million (US$20.4 million). [8] In February 2013, Lowe's Canada hired former Walmart Canada and Loblaw Companies executive Sylvain Prud'homme as CEO. [9]
Lowe's acquired Rona for $3.2 billion CAD in May 2016. [5] In November 2022, Lowe's announced it would sell its Canadian operations, including Rona, to Sycamore Partners; the deal was completed the following February. [6] [7] Rona announced in July 2023 that it would begin converting Lowe's locations to the new banner Rona+.
Lowe's also expanded into western Canada, starting with three new stores in Calgary, Alberta. One of the three locations opened in late September 2010. The other two opened in early 2011. In February 2013, Lowe's Canada hired former Walmart Canada and Loblaw Companies executive Sylvain Prud'homme as CEO. [68]
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Newspaper Prov. City/region Owner [1] Circulation (weekly total, 2013) [2] Frequency Language Notes National Post: Nat'l National Postmedia: 982,555 Tue–Sat
Walmart Canada is a Canadian retail corporation, discount retailer and the Canadian subsidiary of the U.S.-based multinational retail conglomerate Walmart.Headquartered in Mississauga, Ontario, it was founded on March 17, 1994, with the purchase of the Woolco Canada chain from the F. W. Woolworth Company.
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Lowe's also named Positec the "Innovator of the Year" among their 2,500 other suppliers. [7] The company's WORX GT lawn trimmer also received an award from the U.S. Electronic Retailing Association in 2010. [4] In 2011, Positec received awards from DIY Week for Product of the Year in the power tool and garden tools categories. [7]